Summary
Elliott Investment Management nominated seven directors to Phillips 66’s board, citing poor operational execution, weak capital allocation, and missed performance targets. Elliott believes the company has strong assets but needs new leadership to unlock value and improve returns.
Company Name: PHILLIPS 66
Symbol: PSX
Filing Date: Mar-06-2025
Filer Name: ELLIOTT INVESTMENT MANAGEMENT L.P.
Source:
https://www.sec.gov/Archives/edgar/data/1534701/000092189525000701/ex991todfan10168303_030625.pdf
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